The International Council for Capital Formation is a unique European
think tank in its focus on public policies to promote saving and investment
in the private sector. The ICCF circulates its publications, commentary,
and ideas around the globe to reach public officials on both sides of
the Atlantic as well as in the Pacific Rim. The ICCF Board of Trustees
includes business leaders and opinion makers from around the globe. Current
members are:

Mr. Rudi Bogni is a former Chief Executive of Private Banking
for UBS Ag. Mr. Bogni has served as a senior executive for several prestigious
financial services companies, including Chase Manhattan, Midland Bank
and SBC. Mr. Bogni currently serves as a director of Old Mutual PLC and
Prospect Publishing, and he is chairman of the International Advisory
Board of Oxford Analytica.

Sir Richard Greenbury is a former Chairman and CEO of Marks &
Spencer. Sir Richard has served on the board of several companies, including
Lloyds TSB, British Gas, ICI and Zeneca. He chaired the Confederation
of British Industry's commission on corporate governance. Sir Richard
currently serves as a member of the board of directors of Philips and
Electronics Boutique PLC.

Mr. Robert L. Hamburger founded AGI Corporate Finance after decades
of service with three prominent investment banks. After spending nearly
a decade at Chase in New York City, Milan, Rome and London, Mr. Hamburger
became Vice President of Corporate Finance for Goldman Sachs & Co.
in 1979. In 1988 he became head of Corporate Finance for Europe for Smith
Barney. Mr. Hamburger is a member of the Advisory Board of the Prince's
Trust.

Sir Ralph Robins served as Chairman of Rolls-Royce from 1992 until
2002. Sir Ralph joined Rolls-Royce in 1955, became Managing Director in
1984 and Chief Executive in 1991. He also serves as non-executive Chairman
of Cable and Wireless, and is a Director of Marks & Spencer, Schroders
and Standard Chartered. Sir Ralph is a fellow of the Royal Academy of
Engineering and Chairman of the Defence Industries Council.

Hon. George P. Shultz served as Secretary of the U.S. Department
of State from July 1982 until January 1989 under President Ronald Reagan.
He has held several Cabinet-level positions in the U.S. including Secretary
of the Department of Labor (1969-70), Director of the Office of Management
and Budget (1970) and Secretary of the Department of Treasury (1972-74).
Mr. Shultz served as President of Bechtel Group Inc. from 1974 to 1982.
Mr. Shultz rejoined Stanford University as Professor of International
Economics at the Graduate School of Business and as a Distinguished Fellow
of the university's Hoover Institution in 1989.

Hon. Robert S. Strauss served as U.S. Special Trade Representative
(1977-80) under President Jimmy Carter. Mr. Strauss successfully concluded
the Tokyo Round of Multilateral Trade Negotiations and directed its passage
through the U.S. Congress, which culminated in the Trade Act of 1979.
Mr. Strauss also served as U.S. Ambassador to the Soviet Union (1991-92).
Mr. Strauss founded a private law practice in 1946. His practice later
became the law firm of Akin, Gump, Strauss, Hauer and Feld LLP, which
he rejoined in 1992.

Hon. John C. Whitehead served as Deputy Secretary of the U.S.
Department of State (1985-89). Mr. Whitehead began his professional career
in 1947 at Goldman Sachs & Co. where he remained for 38 years. He
retired from the firm in 1984 as Co-Chairman and Senior Partner. In 2001,
Mr. Whitehead was appointed Chairman of the Board of the Lower Manhattan
Development Corporation, the organisation responsible for the rebuilding
and revitalization of Lower Manhattan.